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  1. VAT - Partial Exemption Calculation

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    3 comments  ·  Reports & tax » Tax filing  ·  Admin →
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    Accepted  ·  AdminDavina Roper (Admin, Xero) responded

    Thanks for sharing this idea. We recognise that native partial-exemption calculations are a known gap in Xero, particularly for businesses that make both taxable and exempt supplies.

    We’re moving this idea to Accepted to reflect that. It isn’t currently on our roadmap, but we’ll continue to track interest and consider it as part of our longer-term planning.

    In the meantime, partial-exemption adjustments can be calculated manually and entered on the VAT return.

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    Alan Moore commented  · 

    We deal with a number of intermediary insurance companies who provide services for end clients outside UK and could potentially register for VAT and achieve partial recovery

    Alan Moore supported this idea  ·